Real Estate Trends in Plymouth, MA
Wondering if it’s a good time to buy or rent in Plymouth, America’s Hometown? While Plymouth’s housing prices are slightly above the US average, they are lower than the Massachusetts average, making this town an ideal place for many first-time homebuyers, families with children, and active retirees. Read on to learn more about the town and determine if you should be looking for Plymouth homes for sale.
Plymouth had a population of 56,468 as of the 2010 census, making it one of the biggest suburban towns in Massachusetts. According to City-Data, the average age of Plymouth residents is 41.1, just slightly older than the Massachusetts state average of 39.2.
If you’re moving to Plymouth with your spouse or children, you’ll be in good company. The population is 30% married couples without children and 29% married couples with children. For many families, the well-regarded public schools, below average crime rate, and large proportion of other families are a major draw.
Plymouth is a well-educated town, with about 33% of adults holding at least a bachelor’s degree. A significant number of adults living in Plymouth are employed in management positions, although many also work in education or the service industry. The overwhelming majority of working adults commute to work in their own car. The estimated median household income was $49,695 as of 2012.
Plymouth Real Estate and Home Sales Trends
As you might imagine in such a family-friendly, middle-class town, medium single-family homes are common. Almost 60% of Plymouth houses have between 4 and 6 rooms, and just over 40% of houses have 3 bedrooms. As of 2012, the median house or condo value was estimated to be $302,161, up from $155,000 in 2000. It’s clear that Plymouth is developing into a highly desirable place to live.
While single-family houses make up the bulk of the real estate supply in town, there are also Plymouth apartments for rent. Many available condos are located next to Plymouth Harbor, and the majority of larger apartment complexes are located in North Plymouth or Plymouth Center. North Plymouth also has quite a few older houses that have been divided into small apartment buildings. The median gross rent in 2012 was $1,104.
Whether you’re looking for Plymouth, MA apartments, your first home, a low-maintenance condo for your retirement, or anything in between, make sure you work with an experienced realtor in order to better understand real estate trends and make the best decision for you. Start looking for Plymouth, MA homes for sale or Plymouth condos for sale now.